I copied the below from another forum that I am a member of. I don't know much about Marriott, can anyone help answer the post?
We have a client who purchased a $66k "time-share" last week and has 10 days to rescind his decision. I am not familiar with the Marriott Vacation Club, but it provides points that can be used for airfare, resorts, Ritz Carlton, Marriott Hotels, etc. The points can be rolled over or converted to Marriott Rewards points if not used during the year. Annual cost is $3,200 per year. I'm trying to determine what dollar value the 6,500 annual points give him. These are not 6,500 marriott rewards points. Client is wealthy and has hard time spending money on he and wife and family, so the intangible benefit of taking great upscale vacations is appealing to both he and I from a holistic planning perspective.
Curious if anybody has any experience with this new twist on a "time share" type of purchase. Thanks.
We have a client who purchased a $66k "time-share" last week and has 10 days to rescind his decision. I am not familiar with the Marriott Vacation Club, but it provides points that can be used for airfare, resorts, Ritz Carlton, Marriott Hotels, etc. The points can be rolled over or converted to Marriott Rewards points if not used during the year. Annual cost is $3,200 per year. I'm trying to determine what dollar value the 6,500 annual points give him. These are not 6,500 marriott rewards points. Client is wealthy and has hard time spending money on he and wife and family, so the intangible benefit of taking great upscale vacations is appealing to both he and I from a holistic planning perspective.
Curious if anybody has any experience with this new twist on a "time share" type of purchase. Thanks.